Chrysipp37 Thank you for motivational post. I think positive but...

Chrysipp37

Thank you for motivational post.

I think positive but also (occasionally) realistically.

Positive: Potential/promised ramp in production (to be realised).

Reality: Aug net production to SSN is about 330 BOEPD = no where near to cover outgoings. Sept (245 BOEPD)  + Oct/Nov will not be  better.  Cash disappearing mighty quick.

Decision: NO to LTIP. Reward remuneration according to performance NOT promise. NO to open chequebook suggestion.

I have no desire to replace SSN mgment and NOR do I have any desire to add to SSN outgoings. This not a "fli flop" just a reaction to a greedy grab for $$$.

SENTIMENT: Flabbergasted

Good luck,

MS